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east central ND | After a few chilled beverages last evening a buddy and I were discussing what would be a good place to park extra money if available before inflation hits big. You know, if we had not sold most all the crop a couple months ago.....
Put down extra fertilizer, a rental property, get that younger tractor, better iron, maybe a bin (too late on that, already gone up), etc, etc, were some ideas tossed about. Stock market sounds scary right now, watch out below?
We couldn’t decide if overpaying/ or paying a premium for farm ground today would be a good idea or not 20 years from now. Dirt might have a 3% return, but if the value isn't higher in 20 years you probably could have done better elsewhere. But with the up shot in prices due to weather, will land values bump a bit for the next 6 months? And how much of a premium would a guy be willing to spend over this past year? 5% 10%. So hard to say as good dirt seems to get a higher % bump than poor dirt when things do go up. | |
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Beverages and land markets
